NTPC trades in green on raising $750 million through external commercial borrowing
NTPC is currently trading at Rs. 339.65, up by 1.60 points or 0.47% from its previous closing of Rs. 338.05 on the BSE.
The scrip opened at Rs. 338.05 and has touched a high and low of Rs. 341.60 and Rs. 337.20 respectively. So far 56671 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.30 on 30-Sep-2024 and a 52 week low of Rs. 292.70 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 342.55 and Rs. 329.00 respectively. The current market cap of the company is Rs. 329347.27 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.12% and 3.77% respectively.
NTPC has raised $750 million through External Commercial Borrowing (ECB) to fund its business expansion. Bank of Baroda acted as the lead arranger and underwriter of the syndicated term loan facility.
The proceeds of the facility will be utilised towards financing of NTPC's capital expenditure for existing or new capacity addition programmes. The capex includes flue gas desulphurisation projects, and renewable energy projects (including hydro-based projects). Besides, it can be used for refinancing of existing External Commercial Borrowing for capital expenditure purposes to the extent the same is in compliance with the end-use or other requirements.
NTPC is the flagship company of the NTPC Group. It is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
